Royal Bank of Canada Buys 360,427 Shares of Mplx Lp $MPLX

Royal Bank of Canada raised its stake in Mplx Lp (NYSE:MPLX) by 45.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,151,905 shares of the pipeline company’s stock after acquiring an additional 360,427 shares during the period. Royal Bank of Canada’s holdings in Mplx were worth $65,739,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MPLX. EQ Wealth Advisors LLC bought a new position in shares of Mplx in the fourth quarter worth $32,000. Assetmark Inc. raised its stake in Mplx by 81.5% in the first quarter. Assetmark Inc. now owns 559 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 251 shares in the last quarter. Wiser Advisor Group LLC bought a new stake in Mplx during the third quarter worth about $38,000. Prosperity Bancshares Inc bought a new stake in Mplx during the fourth quarter worth about $43,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in Mplx during the fourth quarter worth about $49,000. 24.25% of the stock is currently owned by institutional investors.

Mplx Stock Performance

Mplx stock opened at $58.44 on Friday. Mplx Lp has a 12-month low of $47.80 and a 12-month high of $60.00. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.71. The business’s 50-day moving average price is $56.73 and its two-hundred day moving average price is $56.57. The stock has a market cap of $59.30 billion, a PE ratio of 12.65, a P/E/G ratio of 5.56 and a beta of 0.47.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). Mplx had a return on equity of 32.74% and a net margin of 36.38%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm posted $1.10 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts expect that Mplx Lp will post 4.26 earnings per share for the current fiscal year.

Mplx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be given a dividend of $1.0765 per share. This represents a $4.31 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Friday, August 7th. Mplx’s dividend payout ratio is currently 93.29%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $60.00 target price on shares of Mplx in a report on Thursday, July 2nd. Zacks Research upgraded shares of Mplx from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Weiss Ratings cut shares of Mplx from a “buy (a)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group lifted their price objective on shares of Mplx from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Wolfe Research downgraded shares of Mplx from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Mplx currently has an average rating of “Moderate Buy” and a consensus target price of $61.60.

Key Headlines Impacting Mplx

Here are the key news stories impacting Mplx this week:

• Positive Sentiment: Dividend support: MPLX reaffirmed its second-quarter 2026 cash distribution of $1.0765 per common unit, equivalent to $4.31 annualized. The payout is payable August 14 to unitholders of record August 7, reinforcing the stock’s appeal to income-oriented investors. Will MPLX’s (MPLX) Affirmed Q2 2026 Payout Clarify Its Cash Flow and Capital Return Story?
• Positive Sentiment: Long-term estimates improved: US Capital Advisors raised its FY2026 EPS forecast to $3.98 from $3.97, FY2027 to $4.28 from $4.26, and FY2028 to $4.61 from $4.52. The firm also increased estimates for several future quarters, including Q3 2026, Q4 2026, Q3 2027 and Q4 2027, suggesting expectations for gradual earnings growth. MPLX analyst earnings estimates
• Positive Sentiment: New 52-week high: The distribution announcement helped push MPLX to a new 52-week high, indicating strong momentum and continued investor demand for its income profile. MPLX Hits New 52-Week High Following Dividend Announcement
• Neutral Sentiment: Earnings preview ahead: Investors are awaiting MPLX’s August 4 results for the quarter ended June 2026. The market is likely to scrutinize cash flow, operating metrics and distribution coverage in addition to headline revenue and earnings. MPLX LP Q2 Earnings Preview
• Negative Sentiment: Near-term estimate cut and valuation concerns: US Capital Advisors lowered its Q2 2026 EPS forecast to $0.96 from $1.01, below the broader full-year consensus of $4.25 per share. Separately, Wolfe downgraded MPLX, citing reliance on management’s ability to meet targets, which could limit upside after the recent rally. MPLX downgraded at Wolfe

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.